United States Castor Oil Market Forecast & Growth Drivers Report | Top 5 Companies are Girnar Industries, Arvalli Castor Derivatives Pvt Ltd., Royal Castor Products Limited., and Shavuot International Holdings, Ambuja Solvex Pvt. Ltd

Global Castor Oil Market reached US$ 1.23 billion in 2022 and is expected to reach US$ 1.98 billion by 2030, growing with a CAGR of 6.1% during the forecast period 2024-2031.

United States Castor Oil Market size in 2024: USD 0.49 B and projected to reach USD 0.79 B by 2032 with a CAGR of 6.7% (2024-2032)

Japan Castor Oil Market size in 2024: USD 0.10 B and projected to reach USD 0.16 B by 2032 with a CAGR of 5.0% (2024-2032)

United States: Recent Industry Developments
✅ October 2025: Leading manufacturers expanded production of cold-pressed castor oil for pharmaceutical and cosmetic applications.
✅ September 2025: Innovation in bio-based castor oil derivatives boosted demand in biodegradable plastics and lubricants.
✅ August 2025: Growth in organic personal care products fueled increased castor oil consumption across the U.S. market.

Japan: Recent Industry Developments
✅ October 2025: Japanese cosmetic companies incorporated castor oil in new vegan and cruelty-free product lines.
✅ September 2025: Expansion of castor seed cultivation initiatives aimed at ensuring sustainable supply chains.
✅ August 2025: Research partnerships focused on enhancing castor oil extraction efficiency and quality control.

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Latest M&A and Market Activity

BP is reportedly seeking buyers for its Castrol lubricants business to reach a $20 billion divestment target by 2027. This sale could generate $8-11 billion, reflecting strong valuation driven partially by its castor oil-based lubricant formulations.​

Evogene's subsidiary Casterra received initial purchase orders totaling $11.3 million for its genomically enhanced castor plant seeds, aimed at biofuel production in Africa, indicating growing commercial interest in castor for green energy applications.​

Regional dynamics show India's castor oil exports declined by around 12% in value in May 2025 compared to the previous year, highlighting demand fluctuations and supply chain challenges.

Key Players:

Ambuja Solvex Pvt. Ltd., JAYANT AGRO-ORGANICS LIMITED, N.K.Proteins Pvt Limited, Adya Oils & Chemicals Ltd., Gokul Overseas, Cristol., Girnar Industries, Arvalli Castor Derivatives Pvt Ltd., Royal Castor Products Limited., and Shavuot International Holdings.

Growth Forecast Projected:

The Global Castor oil Market is anticipated to rise at a considerable rate during the forecast period, between 2025 and 2032. In 2024, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.

Research Process:

Both primary and secondary data sources have been used in the global Castor oil Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

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Key Segments:

By Type: (Cold Pressed Castor Oil, Hydrogenated Castor Oil, Jamaican Black Castor Oil, Dehydrated Castor Oil, Others)

By Distribution Channel: (Hypermarket/Supermarket, Convenience Stores, Specialty Stores, Online Retail, Others)

By End-User: (Pharmaceutical, Cosmetic & Personal Care, Food & Beverage, Others)

By Application: (Lubricants, Biodiesel, Cosmetics & Pharmaceuticals, Plastics & Resins, Others)

Regional Analysis for Market:

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

Benefits of the Report:

Chapter 1: Sets the stage by outlining the report's coverage, summarizing key market segments by region, product type, and application. Presents a snapshot of market sizes, growth potential across segments, and anticipated industry evolution both short and long term.

Chapter 2: Highlights pivotal market insights and uncovers the most significant emerging trends driving change within the industry.

Chapter 3: Offers an in-depth look at the competitive landscape among Castor oil producers, including revenue shares, strategic moves, and recent mergers and acquisitions.

Chapter 4: Presents comprehensive profiles of the market's key players, delving into details such as revenue, profit margins, product portfolios, and company milestones.

Chapters 5 & 6: Analyze Castor oil revenue at both regional and country levels, providing quantitative breakdowns of market sizes, growth opportunities, and development prospects worldwide.

Chapter 7: Focuses on different market segments by type, examining their individual sizes and potential, guiding readers toward high-impact, untapped market areas.

Chapter 8: Explores segmentation by application, evaluating industry growth potential in various downstream markets and pinpointing promising sectors for expansion.

Chapter 9: Provides a thorough review of the industry's supply chain mapping out both upstream and downstream activities.

Chapter 10: Concludes with a summary of the report's key findings and highlights the most critical takeaways for industry stakeholders.

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Recent Product Launches and Innovations

Companies like Advait Living and Juicy Chemistry launched premium quality cold-pressed, organic, and edible-grade castor oils emphasizing purity and sustainability for hair, skin, and therapeutic uses.​

New formulations focus on antimicrobial properties, enhanced scalp circulation, moisture retention, and hair growth benefits targeting the natural cosmetics and wellness market sectors.

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